Marble Wealth LLC Takes Position in Valero Energy Corporation $VLO

Marble Wealth LLC purchased a new stake in Valero Energy Corporation (NYSE:VLO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,797 shares of the oil and gas company’s stock, valued at approximately $618,000.

Several other hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Valero Energy in the 4th quarter valued at approximately $1,111,542,000. Franklin Resources Inc. lifted its holdings in shares of Valero Energy by 5.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,273,517 shares of the oil and gas company’s stock valued at $897,869,000 after buying an additional 249,195 shares during the period. Barclays PLC lifted its holdings in shares of Valero Energy by 5.3% in the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after buying an additional 209,597 shares during the period. Legal & General Group Plc lifted its holdings in shares of Valero Energy by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 1,904,181 shares of the oil and gas company’s stock valued at $324,206,000 after buying an additional 43,237 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $275,239,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Valero Energy stock opened at $261.93 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The stock has a fifty day moving average of $243.88 and a two-hundred day moving average of $208.92. The company has a market capitalization of $77.77 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 0.38 and a beta of 0.55. Valero Energy Corporation has a fifty-two week low of $125.50 and a fifty-two week high of $265.61.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.16 by $1.06. The company had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.Valero Energy’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. On average, analysts anticipate that Valero Energy Corporation will post 26.51 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.8%. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VLO. Citigroup raised their price target on Valero Energy from $246.00 to $259.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Scotiabank raised their price target on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Barclays raised their price target on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Finally, Piper Sandler raised their price objective on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Insiders Place Their Bets

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the completion of the transaction, the senior vice president owned 42,242 shares of the company’s stock, valued at approximately $9,618,080.98. This trade represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company’s stock.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.